SEBI Bans JPMorgan Unit From Trading Over Alleged Sensex Price Manipulation

India's market regulator SEBI has barred a unit of JPMorgan from participating in trading activities over alleged price rigging related to the Sensex. The regulator found that the firm's trading patterns raised serious concerns about market manipulation. SEBI's investigation revealed that the firm had placed large orders and subsequently canceled significant portions of them during the auction window. Such behavior is considered manipulative as it can artificially influence benchmark index prices.
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